GoSats, a Bitcoin rewards company On Wednesday, the company announced that it had raised $700,000. This seed round was funded by Fulgur Ventures and Alphabit Fund.
A few angel investors supported the round, including Ajeet Khaurana, ex-CEO of Zebpay; Sathvik Vishwanath CEO of Unocoin; Mohit Madan Co-Founder and CEO of Oropocket; Sharan Naair, CBO at Coinswitch Kuber; among others.
Co-founded with Mohammed Roshan And Roshni Aslam In February 2021 Gosats allows people to shop from more than 120 brands on the platform and accumulate bitcoin in a low-friction manner Many other online retailers, such as Flipkart and Amazon, Swiggy and Big Basket, are available, Since its inception, the Bengaluru-based startup had more than 15,000 customers.
Roshan According to,, who is a strong supporter of India’s crypto ecosystem and was previously Chief Scientist at Unocoin.
“It’s amazing that a large number of our users never owned bitcoin before signing up with GoSats. We are happy to help them navigate the world of crypto-assets risk-free. This funding will allow us to increase the adoption of Bitcoin in India and create a solution that rewards brands with bitcoin.
The startup claims that GoSats users will be able to shop for supported brands through the GoSats mobile application, which is available for Android and iOS as well as the GoSats Chrome extension. You can also purchase vouchers in various amounts from any of the listed brands using UPI or credit/debit card.
A fraction of bitcoin, which is a cashback up to 20% depending on the brand, is added to the user’s GoSats Bitcoin wallet.
GoSats co-founders Mohammed Roshan, Roshni Aslam
GoSats allows a billion Indians to have bitcoin. Bitcoin protects wealth and gives people greater control over their future, at a time where inflation is destroying it all around the globe. It’s a wonderful thing and I feel honored to be an investor in this company that can help so many people. Says Trevor Owens, Managing Partner, Stacks Accelerator.
Sathvik Vishwanath is an investor He also introduced the first bitcoin trading platform Unocoin in India in 2013. The traditional rewards market is very fragmented.
Reward points are discarded because they aren’t valuable enough and come with a lot of restrictions. A common man would be scared of bitcoin’s volatility, even though the prose about bitcoin’s potential gains is all over the place. GoSats addresses both of these problems in a unique manner.
